Saturday, November 15, 2014
Insecticides India Ltd: Makes a New 52-week High
Insecticides India Ltd (Rs.862.55) which was recommended around Rs.280-282 on 28 April , 20114 in this blog, made a new 52-week high on 14 November, 2014. The scrip was asked to be accumulated on all dips. The stock of the company, earlier touched all its short and medium term targets. Congratulations to all those who have made money in this scrip.
It is to be noted that the Agro-chemicals manufacturer Insecticides (India) Ltd (IIL) has reported a 66 per cent increase in net profit for the second quarter ended September 30, 2014 at Rs.22.93 crore against Rs.13.84 crore a year ago. The IIL board has recommended one bonus share each against two shares for its shareholders.